© 2010 Pearson Addison-Wesley. What Is Perfect Competition? Perfect competition is an industry in which Many firms sell identical products to many buyers.
Perfect Competition CHAPTER 11. After studying this chapter you will be able to Define perfect competition Explain how firms make their supply decisions.
12 Perfect Competition. Learning Objectives What is perfect competition? How does a firm make output decision in the competitive market? Price and output.
Managerial Economics
Perfect Competition
